BlockCDN Miner is ‘Internet Waste Officer’

The software, currently only available for Android TV set-top boxes, is built on Ethereum smart contracts.

The aim of the company is to create a content delivery network (CDN), which uses spare capacity to deliver content via a P2P network.

“BlockCDN is a waste recovery officer for the Internet,” CEO Tony Long commented in a Medium post Thursday.

The mining software is downloadable, with users needing to enter an ETH address along with an invitation code in order to begin. Codes are given out as needed basis via the company’s official Slack channel.

Due to “unprecedented” demand for the box, participation in the ICO is now compulsory for anyone wanting to come on board. New users are required to invest a minimum of the value of 50 ETH in return for the ICO token, BCDN.

“This is essential at this time due to the absence of incoming revenue throughout this ICO period but happily you will receive 0,000 for your ETH and a share in 40% of the profits for the first three years!” the post continues.

BlockCDN also announced the proposed benefits of long-term investment on Twitter: